The HCOB Eurozone Manufacturing PMI recorded a troubling 45 in September 2024, signaling a significant contraction in the manufacturing sector and the lowest level since the COVID-19 pandemic. This PMI has remained below 50 for several months, reflecting challenges like reduced demand, declining output, and job losses across the Eurozone. The situation raises concerns about the overall economic health in the region, as ongoing pressures continue to affect manufacturers.’
๐ถ The HCOB Eurozone Manufacturing PMI 45.
Lowest since:
โ> ๐๐ผ๐๐ถ๐ฑ!
โ> ๐ง๐ต๐ฒ ๐๐๐ฟ๐ผ๐ฝ๐ฒ๐ฎ๐ป ๐๐ฒ๐ฏ๐ ๐๐ฟ๐ถ๐๐ถ๐!
โ> ๐ง๐ต๐ฒ ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐๐ฟ๐ถ๐๐ถ๐!Chart: @tEconomics pic.twitter.com/OdbY4zuaMi
— Alex Joosten (@joosteninvestor) October 5, 2024
Sources:
tradingeconomics.com/euro-area/manufacturing-pmi
www.pmi.spglobal.com/Public/Home/PressRelease/a8579771f5cb4f739658296e48772596